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Harmonic Trading
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Harmonic Trading

  #121 (permalink)
Market Wizard
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that looks like anticipating where could it go, he also show a completed pattern
MFC Strategy 13

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  #122 (permalink)
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Gartley pattern for EURUSD

There was a perfect Gartley pattern that could be observed for EURUSD today.

One leg up, two legs down. The second leg down stopped just below the 61.8% retracement target. You can see what happened afterwards.

The Gartley pattern is the easiest to understand. One impulse (trend) wave up, followed by a two-legged correction, which showed that the bears needed two attacks to drive price down just by about 64%.

If you watch out closely, you can see the little butterfly on the lower right corner within the Gartley pattern. The second chart shows a 1 min chart of EURUSD.

Attached Thumbnails
Harmonic Trading-eurusd-10-min-09_04_2010.jpg   Harmonic Trading-eurusd-1-min-09_04_2010.jpg  

Last edited by Fat Tails; April 9th, 2010 at 04:57 PM. Reason: Chart size reduced
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  #123 (permalink)
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Here comes another ES butterfly that was completed about 30 min ago. This one is less convincing for two reasons:

(1) It was preceded by an upleg of equal size of the first downleg of the butterfly.
(2) It developped within a trading range.

The two lines that contain the butterfly are fib confluence lines.

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Harmonic Trading-es-06-10-3-min-09_04_2010.jpg  
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  #124 (permalink)
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Cory,

Thank you for showing us another tool in this Harmonic World.

Fat Tails and TraderJesse,

Thank you for bringing back life into this thread.


My intention was from the beginning to put it out there in order to show people how to apply this and how to integrate it into their trading.
My approach reached only to include the AB=CD pattern and all it's rules. It is the basics upon which all the patterns are built.

I'd appreciate it very much if people would keep the spirit of the thread, and keep on presenting material that has an educational essence. By saying that it doesn't mean that we should keep out of posting Harmonic stuff. Please post those things, but try to do your best in order to keep it educational.

Thank You!

We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
/George
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  #125 (permalink)
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And speaking of educational stuff:

I promised to keep the thread alive and post as I have time. Unfortunately I've lacked time for posting, and I'm sorry for that. But here's a parenthesis:

A small repetition:

AB = CD 60% of the time.
That tells us that the relations are equal. Relations = such factors as
time (amount of bars)
price (amount of ticks)

CD = an extension of AB based upon the following numbers
1,270
1,618
2,618
40% of the time.

That tells us that if the CD leg is passing the 100% of AB we're going to look for the next level, which is based upon those numbers presented above.

CLUES!!!

(Remember this, because it is very important, and it's going to give you very much higher edge than normal)

After the BC leg is finished (and you know that by expecting the ,382 or ,50 levels in case the move is fast, otherwise ,618 or ,786 the more normal numbers) , start looking for clues directly as the CD leg starts to shape. And the clues for an expansion are:

Wide range bars
Gaps

If you see those in the beginning of the CD leg, or during its shaping, then you can assume that the CD is going to be an expansion of the AB leg.

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We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
/George
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  #126 (permalink)
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Here comes another example:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
/George
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  #127 (permalink)
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Butterfly followed by Gartley followed by Butterfly

This how the ES pattern worked out that I had posted before:

- the bearish butterfly played out
- and was followed by a bullish Gartley pattern
- which in turn was followed by another bearish butterfly

All of them correctly predicted price action as it was developping within the trading range. Volatily was reduced, so each pattern was smaller than the prior pattern.

The congestion was resolved in late afternoon with a small bullish breakout to a new high.

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Harmonic Trading-butterflies.jpg  
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  #128 (permalink)
Just starting out...
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Big Mike View Post
Here is a AB=CD example PDF with illustrations/charts.

Mike

Can you please check the middle diagram entitled '"Classic" ABCD', at the top of page two.
Are the Fib. ratios the wrong way round? Or have I not yet grasped the concept properly?

Sorry for the long time gap between your posting (2nd Oct. 2009) and this reply, but I just discovered this website last week.

I am really impressed with what I have seen so far. Many thanks for your efforts.

Kind Regards
John

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  #129 (permalink)
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KorHarmonics Indicator

Hi Guys,

Let's try and put some life back in to this thread. I've just downloaded the latest Kor Harmonics Indicator for Metatrader. It's very very nice. I have always been a fan of Zup I have numerous versions the latest being V82. However, this Kor Indicator picks up a lot more patterns namely 5-0, 3 drives, one2one's and AB=CD's. It also identifies Head and Shoulder patterns too.

My method of trading these patterns is fairly simple. I basically look for the pattern to occur at a fib retracement or projection from a much larger swing. I look for patterns on H4 and taking levels from the Weekly and Daily.

I set an order at the level (ignoring price action) with a tight stop and that is pretty much it.

I've tried incorporating the Hurst Exponent with the patterns but am not convinced that this method works for me.

Is anyone using Hurst with these patterns ??

If anyone fancies a chat on Skype regarding Harmonic trading feel free to hit me up...Username: ceydababy1

Good Trading

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  #130 (permalink)
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Which Indicator do you use in Ninjatrader for Harmonic Trading?

I have just become interested in Harmonics and I do use Metatrader but I really wanted to get away from it and concentrate on Ninjatrader.

Samuel


cb77 View Post
Hi Guys,

Let's try and put some life back in to this thread. I've just downloaded the latest Kor Harmonics Indicator for Metatrader. It's very very nice. I have always been a fan of Zup I have numerous versions the latest being V82. However, this Kor Indicator picks up a lot more patterns namely 5-0, 3 drives, one2one's and AB=CD's. It also identifies Head and Shoulder patterns too.

My method of trading these patterns is fairly simple. I basically look for the pattern to occur at a fib retracement or projection from a much larger swing. I look for patterns on H4 and taking levels from the Weekly and Daily.

I set an order at the level (ignoring price action) with a tight stop and that is pretty much it.

I've tried incorporating the Hurst Exponent with the patterns but am not convinced that this method works for me.

Is anyone using Hurst with these patterns ??

If anyone fancies a chat on Skype regarding Harmonic trading feel free to hit me up...Username: ceydababy1

Good Trading


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